JOINT STATUS REPORT
CASE NO. C-15-1350-JLR
SECURITIES AND EXCHANGE COMMISSION
44 MONTGOMERY STREET, SUITE 2800
SAN FRANCIS...
JOINT STATUS REPORT
CASE NO. C-15-1350-JLR
1 SECURITIES AND EXCHANGE COMMISSION
44 MONTGOMERY STREET, SUITE 2800
SAN FRANC...
JOINT STATUS REPORT
CASE NO. C-15-1350-JLR
2 SECURITIES AND EXCHANGE COMMISSION
44 MONTGOMERY STREET, SUITE 2800
SAN FRANC...
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SEC v. PATH AMERICA et al (Lobsang DARGEY) No. 15-01350 (W.D. WA 01-10-2017) JOINT STATUS REPORT

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SEC v. PATH AMERICA et al (Lobsang DARGEY) No. 15-01350 (W.D. WA 01-10-2017) JOINT STATUS REPORT

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SEC v. PATH AMERICA et al (Lobsang DARGEY) No. 15-01350 (W.D. WA 01-10-2017) JOINT STATUS REPORT

  1. 1. JOINT STATUS REPORT CASE NO. C-15-1350-JLR SECURITIES AND EXCHANGE COMMISSION 44 MONTGOMERY STREET, SUITE 2800 SAN FRANCISCO, CALIFORNIA 94104 (415) 705-2500 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 THE HONORABLE JAMES L. ROBART SECURITIES AND EXCHANGE COMMISSION, Plaintiff, vs. PATH AMERICA, LLC, et al., Defendants and Relief Defendants. Civil Action No. C-15-1350-JLR JOINT STATUS REPORT UNITED STATES DISTRICT COURT WESTERN DISTRICT OF WASHINGTON SEATTLE DIVISION Case 2:15-cv-01350-JLR Document 483 Filed 01/10/17 Page 1 of 3
  2. 2. JOINT STATUS REPORT CASE NO. C-15-1350-JLR 1 SECURITIES AND EXCHANGE COMMISSION 44 MONTGOMERY STREET, SUITE 2800 SAN FRANCISCO, CALIFORNIA 94104 (415) 705-2500 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 The Securities and Exchange Commission (“SEC” or “Commission”) and Defendant Lobsang Dargey and Relief Defendant Path Othello, LLC (hereafter, “the parties”) hereby submit the following Joint Status Report. The Commission has received from the Defendant and Relief Defendant an offer to resolve this matter against them, which the SEC’s counsel will recommend the Commission accept. The process for obtaining the Commission’s consideration of such settlements is expected to take approximately six weeks. If approved by the Commission, the terms would also be subject to this Court’s approval. Accordingly, the SEC will inform the Court by no later than February 17, 2017 whether the Commission has considered the proposal, and if so, the Commission’s determination. In addition, the parties have agreed that, prior to that time, the parties will continue with their prior agreement not to notice any depositions or to propound written discovery upon the parties. Dated: January 10, 2017 Respectfully submitted, /s/ Susan F. LaMarca Susan F. LaMarca SECURITIES AND EXCHANGE COMMISSION 44 Montgomery Street, Suite 2800 San Francisco, CA 94104 (415) 705-2500 Attorney for Plaintiff /s/ Peter S. Ehrlichman Peter S. Ehrlichman DORSEY & WHITNEY LLP 701 Fifth Avenue, Suite 6100 Seattle, WA 98104 Tel. 206-903-8800 Attorney for Defendant Lobsang Dargey and Relief Defendant Path Othello, LLC Case 2:15-cv-01350-JLR Document 483 Filed 01/10/17 Page 2 of 3
  3. 3. JOINT STATUS REPORT CASE NO. C-15-1350-JLR 2 SECURITIES AND EXCHANGE COMMISSION 44 MONTGOMERY STREET, SUITE 2800 SAN FRANCISCO, CALIFORNIA 94104 (415) 705-2500 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 CERTIFICATE OF SERVICE I, Susan F. LaMarca, hereby certify that on January 10, 2017, I caused the electronic filing of the foregoing JOINT STATUS REPORT with the Clerk of the Court using the CM/ECF system which will send notification of such filing to the parties and other persons entitled to notice, through their respective counsel, in this case. Dated: January 10, 2017 /s/ Susan F. LaMarca Susan F. LaMarca Case 2:15-cv-01350-JLR Document 483 Filed 01/10/17 Page 3 of 3

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